Filing requirements and income reporting structure for business ...

Income Reporting Guidelines for Securitisation Trusts: Section 115TCA Mandates Detailed Distribution Statements and Investor Documentation

February 26, 2025

Notifications     Income Tax

Filing requirements and income reporting structure for business and securitisation trusts under section 115TCA of the Income-tax Act, 1961. The key outcomes are: Securitisation trusts must report income distributed to investors across different categories including house property, business/profession, capital gains (long-term and short-term with specific tax codes), and other sources (dividends and others). The forms introduced (Form 64E and 64F) require detailed breakup of income paid/credited with specific codes for capital gains taxation rates ranging from 10-30%. Trusts must provide verified statements with investor details, PAN/Aadhaar numbers, and proportionate income distribution. Mandatory attachments include registration certificates and audited accounts. The framework ensures transparent tracking of income flows from securitisation trusts to investors for tax compliance purposes.

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